Anand Rathi: Carborundum Universal - Ceramics, Electro Minerals Division Saw Better Traction In Q2
An employee packages tile pieces for shipment (Photographer David Paul Morris/Bloomberg)

Anand Rathi: Carborundum Universal - Ceramics, Electro Minerals Division Saw Better Traction In Q2

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

Carborundum Universal Ltd.’s Q2 performance was better even with consolidated revenue coming flat at Rs 6.9 billion.

This reflects the pick-up in industrial activity, domestically and internationally.

The Ebitda margin was a robust 19.4%, led by prudent cost control, a favourable product mix and better subsidiary performances.

With greater utilisation, focus on operational efficiency, product launches and quitting the lossmaking Foskor, management is confident of steady margins ahead.

Click on the attachment to read the full report:

Anand Rathi Carborundum Universal Company Update.pdf

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